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, raise the price of burning fossil fuels, that would help direct private money into renewable energy, help put people back to work. in the face of this crisis, we have to think seriously and creatively about the role of government. >> all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama is expected to sign the bill to deter the brunt of tax hikes and spending cuts known as the fiscal cliff that took effect at midnight yesterday. the compromise bill passed by the house late tuesday makes bush tax cuts permanent for about 99% of households. it allows tax increases of about 5% only on incomes above $400,000 for individuals or $450,000 for couples. the deal extends unemployment benefits, renews tax credits geared toward low-income families, and delays automatic cuts for military and other spending for two months. president obama compromised on the tax issue after initially backing increases on family incomes of more than $250,000. speaking tuesday at the white house, obama claimed the deal is a victory. >>
? >> harris: a lot of energy spent on all this going back and forth. in fact, leading republicans suggesting a great deal of time has been wasted on politics. >> that is precisely right. they note that the house republicans tried to address the issues this summer and voted to extend all of the bush tax cuts and voted on an alternative to the automatic spending cuts that are due to kick in in the new you year and today the top senate republican said why wasn't this addressed months ago? >> we wanted an agreement. but we had no takers. the phone never rang. and so now here we are five days from the new year and we might finally start talking. >> so clearly a lot of blame game back and forth between republican and democrats but perhaps most importantly a white house meeting tomorrow with all of the key players face to face with the president. harris? >> they are talking. now, if we could just get them to talk to each other. the president and senate already returned and now we know house lawmakers due you to come back on sunday. >> there was a quarterback between the house gop leadership and ran
energy shortfall, a shortfall which has become a nationwide crisis. this summer, thousands took to the streets to protest against the frequent power cuts, protests which turned violent. many were left without electricity for a ban 18 hours per day at a time of year when temperatures could reach up to 45 degrees celsius, and in recent months, natural gas and compressed natural gas supplies have also been an issue. this is making it difficult for those who use the fuel to heat their homes and power their cars, but the energy crisis is a long-running issue, made worse by corruption and poor management by successive governments. along with a lack of foreign currency reserves, it has become impossible for the government to purchase enough power from independent suppliers to sell to consumers. >> fundamentally, if you look at what pakistan faces, at the end of the day, the issue is government. >> around 80 million people are eligible to vote in the upcoming election, but with these basic needs nowhere near to being met and many other issues still pressing, the voters in pakistan will
is your best bet? >> there is no dow that energy stocks, to me, we are seeing the spikes in oil prices today. lori: you are basically saying try to raise some cash during this last week. that could be your fine opportunity. >> right. you have to think back at what these companies are saved. they are not overly optimistic. they were not doing back flips about the future. sometimes waiting is the best investment strategy that there is. you have to begin to see whether they will begin to grow. most companies have to face the facts. most companies are making money because of cost-cutting. i think we have to really look at ways to just be ready. the best place to be -- lori: lean and mean. cash is, well, i guess that is why you had a debate. i guess i can hold on for two weeks. >> i agree. they are lean and mean. every quarter, they are cutting more and cutting more. now, we are at the point if they are able to prove that this make sense, they will be able to show that they can grow. this could make or break a great quarter. corporations dealing with uncertainty really shows that it will ei
a big big portion of the problem. thank you. host: what energy end of the year energy issues are we looking at here and which ones are likely to get punted down the road? guest: that's a good question. i'm not sure what energy issues -- i'm not aware of any -- host: tax issues? guest: tax issues for the fiscal cliff. but going down the road you definitely have some issues. there's the need for a new highway bill, they've had trouble tasking the highway legislation because no one is willing to increase the gas tax. and our gas taxes are the main ways we pay for new roads and bridges and that kind of thing. so i think that's a relatively short-term problem. and then over the long term, which i've talked about here before, is that given that we're going to need some rev now help solve our future fiscal burden, one of the most sensible places to raise revenue would be through a carbon tax or something similar because that can also help us reorient our energy priorities to cleaner, less damaging greenhouse gases type of energy. host: i want to note that you can go to the c-span fiscal cl
the energy airforce base. during the reagan administration, a great big commission that sounfound a soln for social security, these were big public fora where discussions were held with the public and now everything seems to be happening behind closed doors. why could openness happened in years past and today we can seem to get to deal? >> in large measure because the media has so changed. in those days, you did not have 24-hour coverage. what you find with 24-hour coverage if an idea services, at 10:00 a.m., it is dead by 2:00 p.m. because everybody goes to the cameras. the cameras are there. ever-present and wine to -- wanting to hype something. before you debate it is dead. you really see that around here. >> there has been a fair bit of criticism of the president for not embracing the findings of that commission. what is your take? >> i advised the president not to embrace the specifics because i feared if he did, house republicans would automatically be in opposition. if you are part of the commission you saw that dynamic. there were 18 of us. six representing the president, six rep
add series of set backs. >> he had a few low energy days and things snowballed from there. at the wrong time because of his weakened condition because of the fight of bronchitis 88 years old it adds up to a tough situation right now. >> george w. bush has visited his father twice. so has jeb bush. he spent the christmas day in the hospital. things are not going well but doctors remain cautiously optimistic. >> he's in a bad way, but the doctors believe that there is a path for him to recover from this and if we can get him to rally a little bit it's good but we are not there yet. >> he has been placed on a liquids only diet for the time being. >> hope he recovers. >>> now to an extreme weather alert another day of frightful weather awaiting some areas all across the northeast. 6 people have died in the christmas storm system that spawned blizzards sleet and rare tornadoes. causing this plow's tires to spin out. making matters worse gusty winds are redistributing snow back on to the roads. >> in the state of ohio a lot of drivers are complaining about zero visibility. they
commissions or other groups, you mentioned the energy air force base. during the reagan administration, a great big commission that found a solution for social security, these were big public fora where discussions were held with the public and now everything seems to be happening behind closed doors. why could openness happened in years past and today we can not seem to get to deal? >> in large measure because the media has so changed. in those days, you did not have 24-hour coverage. what you find with 24-hour coverage if an idea services, at -- surfaces, at 10:00 a.m., it is dead by 2:00 p.m. because everybody goes to the cameras. the cameras are there. ever-present and wanting to hype something. before you debate it is dead. you really see that around here. >> there has been a fair bit of criticism of the president for not embracing the findings of that commission. what is your take? >> i advised the president not to embrace the specifics because i feared if he did, house republicans would automatically be in opposition. if you are part of the bowles- simpson commission you saw
energy and oil. >> i think that reflects an understanding of where the country is. the u.s. whatever you think about how long troops should remain in afghanistan. i think everybody thinks that's enough with that kind of commitment of u.s. forces overseas. >> is our mission to eliminate taliban? it never was our mission. it is nation building? is it sending children to school? is it building sewer systems? is it going after al-qaeda? so, all those factors are complicated but they have to be carefully thought through and i'm not sure we've done that very well in the last ten years, but i do think we will do it smarter. we always learn. they're tough lessons to learn. vietnam was a tough lesson for us to learn. (instrumental music) >> but even as the war on terrorism winds down, the nuclear threat is surfacing once again. >> iran is working on a longer-range missile capability, an intermediate range missile, that could reach europe. and these guys are good. eventually they will develop an icbm that could reach the united states. >> the iranians are being continuing to amass technologies, le
in the history of science and that means more wacky weather, more moisture, more energy. global warming is a misnomer. it should be called global swing. >> which means the world doesn't end tomorrow. it's just every little event is worse or inkre meantycrementally worse than before. >> you look at all the glaciers are receding. the ice caps has diminished by 50% just in the last 50 years. an area the size of united states in terms of ice disappeared this year over the polar ice caps. the seasons are changing. summer is longer winter is shorter, tropical diseases are moving north. all the indicators show that the earth is warming up and that's what's driving some of this wacky weather. >> duh that show more or could we snap back? >> get used to it. we could be experiencing more 100-year flooding storms, hurricanes because there's more energy circumstance lating. we could argue how much human activity is driving it but everybody agrees the earth is heating up there's more energy in the system. that means more swing in the weather. >> no matter who's contributing it
. back to you, carl. >> seema, thanks so much. check out some energy in metals this morning. let's go to our favorite birthday girl of the day. bertha coombs. >> thank you very much, for the birthday wishes. you know, it's national chocolate day. what else would be better on your birthday? except for a lot of inventory numbers today, delayed because of the christmas holiday. we have energy at the moment fractionally higher across the board. the dollar index weakening just a hair at the moment. despite the fact that we had industry numbers that were a bit bearish. the api putting out numbers of crude stocks. when you look out at the estimates for the eia, we're expecting to see a drawdown of crude of 2 million barrels. crude, the third weekly gain. one of the biggest gains we've seen in a long time, nearly 3% this week. it's looking fairly technically strong. gasoline will be the one that people will watch. eia estimates are for a build there of 250,000 barrels. it's closer to that than what we saw from the api at 2.5 million barrels. that's certainly going to be more bullish for gasol
for in 2013. harris: there are three you said. what are they? >> housing, energy and huge amount, trillions of dollars sitting on the sidelines by corporate america, waiting to come into the economy once this picture clears up. harris: we're getting housing numbers coming this week already. we're starting to see prices rose a little bit this fall. that is a good sign. we're seeing housing starts have come up as well. so i understand that. energy. >> energy is a game-changer, it really is. we look what is going on around the world. the europeans, far east, they're paying over $17 a btu for natural gas. we get it for $3 in this country. dow chemical just proposed building the largest chemical plant it has in the world here in this country because of the competitive advantage of natural gas. imagine if we could liquify, ship it to europe, ship it to the far east. not only would we have a huge impact on trade balance but actually help the economies out too. game-changer. harris: you mentioned cash on the sidelines. where is that coming from? >> corporate america and consumers, and we saw it thi
want to switch topics. he has also been a big step in of energy policy -- champion of energy policy. discovery of natural gas in your state has changed the economy. where do you think this new discovery of this resource is going to lead us? >> i did it is incredibly positive for the united states. we of gone from 60% foreign energy dependence down to 40%. there are a lot of projections now the we could become energy independent over the next several decades. that would be an incredible boon to this country. instead of sending $400 billion or five order billion dollars abroad every year to buy scarce energy supplies for people who do not particularly like us, we could be spending that at home. think of the difference that will make to the economic strength of united states. think about what it will mean to job opportunities, the economic strength of america. natural gas is a very clean resources compared to many of the other options. our progress . on reducing dependence has also been on grenoble's. -- progress on reducing dependence has also been on renewables. all across north dako
education and research and development, investing in clean energy and technology, investing in infrastructure and dealing with the deficits were more -- in a more balanced way. it was about what our obligations are to each other. it was about big things. those are very, very big things. i will say that, for all of the critique about whether our campaign was about big things or not, the preoccupations of people who write about that -- and i used to do that for a living -- i don't try to separate myself -- many of them are my best friends -- there is an awful lot of horse race coverage of this presidential race. there is such a preoccupation with who will win and who will lose and so little real interest in what the implications are. >> we were talking about pulling. >> public polling is so voluminous now. any to kids with an abacus can do a poll of the corner grocery store and some national news are in position will cover it as if it is news. and maybe the billion tommy pulled him out today. -- the billy and tommy poll came out today. it can be done sound yet they produce res
this year. these are things that can tell you how much energy you're using, you can control them with your smartphone app so they can connect to the internet. so devices are getting smarter and smarter. they are learning our energy usage habits and are saving us energy. in fact, we have a nest in my house and it saved us about $300 a month this summer in air conditioning bills. >> the final one, what is it, 4d television or 4k television? >> this is ultra-high definition television. why have high definition when you can have ultra-high definition. someone who works in tv, i'm sure you're really excited to see this. sony is already selling these. they are about 25 grand so that's not affordable. >> how much better def do i get? now it's 1080p. how many more pixels do i get? >> you have to see it to believe it. i saw demos before and thought okay, you don't know you want this until you see it. then you think yes, i want this. sony is doubling down on this technology by remastering some of these movies for this type of technology. they've got "spider-man" out. i think we will talk about it --
for the country. >> it is part of the energy. the municipalities earn money course fors noand of sweden as a country, it is a valuable technology. >> while the swedes are doing everything they can to minimize everything they can to minimize the waist, the paradox
that many get an energy power in the century. this is living in geography. your argument about russia and russia's in security would be that it's too flat. half the world's longitudes but it's indefensible, it runs north, south so they don't unite the country and had less people than bangladesh. 141 million people, bangladesh has more. so vladimir putin sent up near imperialism on the deepak geographical and security and that's how we should understand not as a madman hour to totalitarian but it's a very traditional autocrat. >> one of the interesting hinges of this book is your discussion about the fall of the berlin wall, and if i read it right, you say that it may appear optimists. it made us to convinced that himeno agencies our system of democracy, system of free markets would have the transforming power. >> talk about that and take that story through the 1980's and into the 90's. >> the fall of the berlin wall eliminated constraints. we thought because we can get to the red army out of eastern europe it suddenly with a transforming effect in the middle east and sub-saharan afric
a seminar based on the book and brought in people from the energy department, darpa and ibm. in reality, the path to understanding these things has been shown in what mendel wrote. men dover road went beyond conventional mathematics. he ditched the mathematics of his uncle who is a great mathematician of his era and it's the mathematics and the equations which was largely their in order to keep us from understanding math so we wouldn't apply it for new weapons and they went back to making math what it had been since the beginning of mathematics, pictures. he did it using a visual. he worked for business machine company. this machine company had come up with this incredible business machine called computers and they got the computers to create pictures based on very simple equations, very simple equations. began the patterns emerging that would allow someday mathematics to deal with the stock market. mathematics will only be able to deal the stock market jon stewart mallon george henry luce's question coming up with the mathematics that can predict these huge jumps. big continuous jumps
about the veg tannels and be smarter and have more energy. >> i find myself doing it with the milk. you are talking about the calcium and the teeth . i participate and thrameeps parents also -- respiratory >> it is not involved and not eating fruits and vegetables. >> and exercise is so important. you say to add to the daily routine. you talk about tech gifts . you got to get outside and run around. >> tike bite-sized pieces of the you can't expect a parent to go home and exercise with my child for an hour. you take five or 10 minutes and walk the dog and getting outside in the cold weather is a beautiful thing. people tend to stay inside. get outside and walk the dog and play with the ball or inside, do sit am've ups and push ups with the children. it is not unreasonable. it is mommy me time and daddy time with the kids. >> i saw a couple of jumping jacks . improve their emotional health. >> parents need to be better displinarians. it is children that are not disciplined properly . parents . to be their children's friends. you want to be their parents and you have to stop and give guid
. that was a near miss. something about labor disnews is the port. >> we try to move more energy outside of the u.s. to asia in particular, getting those contracts in place will be more important. but that is a ten year timeframe. >>> not-so-good news for nokia, a month after the launching in the u.s., cell phones are offered at steep discounts or free on u.s. carriers or amazon. nokia is betting heavily on that phone which runs microsoft's windows 8 system. it launched in november with at&t for $99. another version of the phone also available force 99 at verizon. some discussion, dennis, this is just how things work. >> i don't think that's how things work. if you buy an iphone 4s. this is not the most current model, iphone 4s, had verizon, tough pay $99. that is the outdated model. i encourage -- i don't know if people can tweet to the show, i would love to see photos of people actually using the nokia lumia. >> even for free, you mean? >> free or charged. >> would they use it for free? >> don't believe it is being used. >> on the subway, i count who's doing what. i've seen -- >> being very par
you. host: joshua gordon, what in the year energy issues are we looking at? -- >> end of the year energy issues are we looking at? guest: i am not aware of any major ones for the fiscal cliff. going down the road, and you definitely have some issues. there is the need for a new highway bill. they have had trouble passing highly legislation because no one is willing to increase the gas tax. our gas taxes are the main way we pay for the new roads and bridges and that kind of thing. i think it is a relatively short-term problem. long term, we're going to need revenue to solve our future fiscal burden. one of the most sensible places to raise revenue would be through a carbon tax or something similar. that can also help to reorient our energy priorities to cleaner types of energy. host: i want to note that you can go to the c-span fiscal cliff website to get the latest information. you should be checking back over the next 48 hours as things develop. guest: 8 the deadline this afternoon. the senate has set a self- imposed deadline for 3:00. host: is that senator reid's plan b? guest:
away from energy and industrials. >> talking of counting down. 15 minutes to go before the closing bell. the dow is down by 17 point but, you know, we're not really moving much at all. >> have you heard of euclid? that's what weather forecasters have named this monster storm hitting the east coast right now. our friends at the weather channel will show you the latest storm track coming up. >> and plus, how will euclid impact wall street? find out what the traders are daying next, first in business worldwide. >>> it is cold and it is ugly and it is snowing outside right now, and it is pretty much that way for most of the northeast thanks to this winter storm that's dumping snow on much of the east coast. the weather channel's danielle banks has more. >> hi there. maybe you were dealing with family drama and today we're dealing with weather drama so no holiday would be complete without some drama and still lot of that going on for locations with tornado watches through 5:00. the storms have definitely made significant progress since yesterday. so we're backing things up for you about 24 h
of what feels like here, bill. a lot of energy at the white house, a lot of curiosity surrounding this meeting. what you can't see from here and what i can't show you, unfortunately, is just about 50 yards from here is where you saw speaker boehner walking into the building, and we've got a whole cadre of white house still press photographers up on ladders peering over the hedge trying to get a picture of the leaders as they walk in and just to the left of that crowd is another crowd of reporters all gathered around the stakeout cameras. that's where the leaders could come out and talk to microphones if they wanted to say anything after this meeting. there's a lot of anticipation of whether they will say anything after this meeting, and it's widely seen that this would be a good sign for negotiations if they do come out and talk. a lot of previous white house meetings, they have not come out to say anything afterwards, so all those folks waiting over there might be waiting in vain here at this point, but at this point we know most of the major leaders are in the building, and we'l
, the strongest part of the energy complex, looking for distillates to be down 350,000 barrels and a build of 350,000 barrels. gasoline prices were up 4% and nat gas, that will be the first one out at 10:30 tomorrow morning. we're expecting about a 76 billion cubic foot drawdown. seasonally lower and nat gas, look at that chart. under pressure of late. it's going to have its first positive year in five years and a pretty good one, matching a performance we've seen in stocks, the best in the energy patch. back to you. >> thank you so much. we just got word that the senate republican leader mitch mcconnell will be going before cameras shortly so that could be market-moving as well. we'll wait to see what that is. >> when he speaks, we'll bring him to you. flows into stocks-based mutual and exchange traded funds have posted 8 billion and bonds, on the other hand, have taken less than 1 billion. a bit of a rotation going on here. should investors be putting money to work in equities despite today's selloff? >> the battle of stocks versus bond. with us cnbc's jeff cox and kathy jones from charles schw
is the energy? the energy is in the united states. stop these strikes. stop labor. and i think that the stalin -- always been a convenient distraction for the right and the center, the trumanites. up to today to get -- >> the fact the communists were doing what they doing made it easy for the right to use that. >> and that's what concerns me. whenow see all the liberals, and also the truman liberals, the clark cliffords that will drift in this direction, and it changes american history terribly because right now we have no union movement. i think the concept of labor versus capital is not even discussed in this country. >> this is what has happened and this is far more important, frankly, than pointing the finger at the soviet union. why not point it, as i said earlier, at churchill and greece and athen inches -- athens in 1944. >> we'll jump forward afterwards. >> on the go? after words is available via pod cast through itunes and xml. visit booktv.org and select which padcast you would you like to download and listen to after words while you travel. >> okay. like to jump forward to the 1960s
are financials which are the best performing sector of 2012. taking a turn south in today's session. energy and materials actually also joining the fray among the leading laggers within the sectors that we followed. we also wanted to point out jcpenney. it was an outlier and today it reverses. it's having its worst day in six weeks, i believe. the reason being there was an article in the wall street journal saying it's a do or die year for jcpenney. >> wow. that was an intraday chart. normally they fall and then they hold. this thing looks like a ski slope. getting worse and worse as the session goes on. >> yes. >> thank you, mary. >>> in terms of percentage declines, the nasdaq is the biggest winner or loser. seema mody, following the winners. >> seems like investors are following the developments or lack of developments out of washington. that's what's weighing on the nasdaq. we're down about a percent. large cap tech. google down a percent. apple down a similar amount. two headlines to watch on shares of apple, holiday retail survey shows customer satisfaction with apple's online stores
this waiting for the president's go ahead supported by republicans and democrats. it provides energy security and up to 130,000 jobs. >> national republican congressional committee, you nailed me. you got me exactly right. it's uncanny. there is no poop fairy. there's no winged creature ready to sweep out of guy. we have just received word that the simultaneously disillusioning and destructive don't ploobelieve in the poop f campaign is expanding. they are planning to reveal it this spring. way back in 2004 an early it ration of the poop fairy was unveiled. >> do your part and scoop the poop. there's no such thing as the poop fairy. >> good move as adopting it as your own. it worked in colorado. the original poop fairy was from virginia. she was a chocolate lab. >> it's the dutch word for yummy. the noise the scooter makes the yummy, dominos. watch it in action on the street. the best part is it's just a going making the noise. ♪ somebody's cutting up onions in the studio. perhaps my allergies are acting up. i'm a crier. you can't do this to me. the parents are named chowder and clementine.
was an engineer with a passion to try a lot of new stuff and i have a lot of energy. i hired people because i could not do myself what i wanted to do, and so i had employees. and i respected the work that they did because i gave them good salaries and the very best dental and health insurance, better than lockheed. and i never thought that i was there to grow a business or to make a profit. in fact, the number one thing -- and i always said that even to those who held stock in my company -- the number one thing, the biggest priority for my employees was to have fun. i enjoyed the accomplishment of breakthroughs and the fun of a first applied. and everyone who worked for me deserved to have that enjoyment. the second priority was the families of the employees have fun. that is why we provided good salaries and good health care and so on. the third priority, no cutting to make a profit. it is tough to say that to a stockholder or a board member. but every company i have ever seen go bankrupt, they started having fun -- they stop having fun before that. when people have fun, they will work like.
'd get $5.6 million less in funding, low-income energy assistance payments to people in our state who heat with oil, and on and on. this is all my way of coming back to the -- to the point i made at the beginning and -- and why i'm encouraged by the statements president obama and senator mcconnell have made this afternoon, that we're close to an agreement, close to a deal. i don't agree, i say again, that no deal is better than a bad deal. in this case of the fiscal cliff, no deal is the worst deal possible for the american people. we passed the time when we're going to -- before tonight, negotiate the comprehensive, bipartisan debt-reduction agreement that our country desperately needs. the least we can do is protect the constituents who were good enough to send us here from the worst possible result, which is that we let the country go over the cliff, we -- we prove that to everybody, including people around the world who depend on american strength and watch us, that our political system has become absolutely dysfunctional. so i hope the negotiations going on now end with an agreem
statesmen draw the energy. not simply the opportunistic slogans but the african name tenacity by broderick for the personality cult. that's what i'm talking about. just among the people you find in their. and when you come back, you spread the word. you convey the essence of what she would serve. it's the only way it can be done. and of course you have no feeling for its come you have no feeling for you. richard wright came to africa looking for his african roots. he came away saying i don't belong here and pitch perfect and also who is now an ambassador or a western ambassador said ken looked at the negative side and he abandoned hope and ended up being japanese. [laughter] at but expressing yourself, ready to take on the experiences. >> just to clarify a point that may have been represented because you are not saying that the west and the arabic realms -- you are saying within africa this influences are ultimately going to dissipate and if the african spirit that will come through, yes? >> are you saying that she said a kind of incompatibility at the moment between the arab culture? >> n
need to do is spend our efforts and energy in trying to achieve a plan that will carry us forward. i still am optimistic we can do that. i'm hopeful that we will do it. if we don't do it in the next several weeks before the new year, i hope it is done immediately there after. i think it would be better for the country and economy and people's confidence in the act of this country to make decisions and govern wisely if we were able to make an agreement before the end of the year. and that is still possible despite the u turn from the speaker yesterday. i hope that the discussions continue and prove conclusive. with that i want to thank you for this opportunity and i'll be happy to answer questions people might have. >> we will take questions. the questions will be first from members of the media and national press club members and then if no hands are raised after that we will go to others. >> senator i want to tie some things together in terms of your great, informative powerful knowledge based so speech and ask a question that brings us into focus given current continue verse sis. y
showed no signs of her energy lagging as secretary of state and that's a pretty tough job, too. i'm not saying it's as vicious as running for president, but i didn't see her slowing down and i think she will run. >> let me ask you about the ideology. where do you think she stands politically? would you put her where i put her on foreign policy to the right of obama? rana? >> i would. >> and safer politically for an election in a general election give the fact people normally want to switch parties every eight years. you don't want to run as a xerox of obama. your thoughts. >> i do think she's to the right on foreign policy. i think what's going to be really interesting is seeing where she is economically. she's been very savvy about using economic state craft to advance foreign policy goals for the u.s. it will be interesting to see what she brings to the economic debate because i think that's still going to be a debate in the next election. jobs. how to grow, how to get the country back on track. it will be really interesting to see where it comes off. >> i have you as a feminist
with a bick bounce after losing 40%, alexion and other biotechs rallying and consol energy and natural gas players among today's decliners with forecasts calling for warmer weather ahead. kohl's and other retailers lower after likely disappointing sales. and emc, disappointing fourth-quarter earnings, and continued pressure for watson phrma after the fda approved a generic version of its adhd drug. a lot of movement today, bill. >> ber, that thank you very much. >> sorry, we've been chatting here. >> bill is making an interesting point. got to look at strength within the market and pay attention to what signals we're seeing. >> and a very strong last few minutes of trading here for the bulls. >> anything to give pause, maybe it's what happened with the euro, not exactly participating. >> exactly. a huge first day of the year msnbc what for the rest of the year? someone who studies these types of things joins us next? >> also, billionaire investor wilbur ross joins us. we'll find out if a tax deal is changing his investment outlook and just what his plans are now that there's some certainty
to say his energy and intellectual creativity combine in novel ways of thinking. he constantly pushes us to think differently in new ways, more nimbly and provocatively. that is a spirit that infuses tom's new book, "the generals." he explores generalship of good and bad in accountability and traces the history of generalship from george washoe and world war ii to chosin reservoir and vietnam. to colin powell and the gulf war and the generals who commanded the iraq from 2003 on. the general argues the military is change over its years in the way it rewards good generalship and punishes bad. toms is a provocative argument and one that we will examine in detail and nice conversation. joining tom in this conversation is susan glasser one of the nations top national security journalist. susan is the editor-in-chief of foreign-policy magazine has done tremendous work in billing foreign-policy.com into a key locus of the nationals carry discussion. prior to joining foreign-policy susan was reported to "the washington post" and the capitol hill newspaper roll call and brings great experience an
] that's a very strong 27th -- 27%. i commend you on your energy. i will stop here and say there's a radical difference between the soviet-u.s. relationship and the relationship with israel and iran and you will not ask six million jews in israel to rely for their existence on deterrence in this kind of situation. thank you very much. [applause] >> if it makes you feel any better, henry kissinger didn't get away with it either. up next, dean vali nasser. the podium is yours. >> thank you. good evening. thank you for that introduction. it's a pleasure being here. let me start by saying that it goes without saying that the world would be better off if iran does not become a nuclear armed state. and achieving that goal should be our principle aim going forward. however, despite our best efforts, that undesirable end may very welcome to pass. should we act as if this is the first time that we've encountered such a challenge? or that the logical containment and deterrence somehow does not apply to iran? as iran is outside of the realm of politics as we know it. the answer is no. as tr
for renewable energy in the fiscal cliff year. specifically for wind and biodiesel, a lot of people are extrapolating and there will be cuts in subsidies. i know becky, what everyone will say on the headlines. stocks up on fiscal cliff deal. all i want to point out if you look at the numbers and stocks have been up big on the first trading day the last four years, all i'm saying is that is probably the major factor here. back to you. >> i tell you, keep is here on the first day of trading. my true love gave to me a statistic that will blow your mind. listen to this, bob. here you go. if the s&p closes up double digits for the ppreceding year s negative like 2012 and if a left-handed oboe player is playing, the index is una hundred percent of the time in the following year with average gain of 12.5%. you got me there? it looks like we will be up 12.5%. he used to be an independent trader but is beginning a new deal with o'neill securities today. >> thank you very much. thank you very much. >> which means he will be with us. >> that is a good thing. >> as you forecast a look ahead to
major decline. sector checks, we're seeing those return to the risk on trades being off. energy and materials under pressure today along with technology and telecom. consumer stocks though have actually turned a little bit higher on the news of that deal being struck that will avert the port strike for another 30 days and so what we've seen is retailers actually at the highs of the section, there was some concerns that there would be disruptions for the retail supply chain. that has reversed since that deal was announced right about 11:30 or so today. we also want to point out that the home builders are looking fairly strong. also reversing earlier declines. that comes in the wake of november's pending home sales which was another data point that showed the housing market had certainly been a bright spot in the economy this year. >> we should say, yeah, with all the doom and gloom, we can say this, that for the first time in many, many years housing prices actually declined. >> since 2006 housing looks good. autos also another bright spot. >> yes. >> very good auto sales. expick
thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast! [ male announcer ] stop the uh-oh fast with kaopectate. >>> iran has long defied international pressure to give up it's nuclear program, and now iranian officials have announced they have test fired two long-range missiles. chris lawrence explains the possible fallout and the danger from these events. >> reporter: iran started the new year showing off new technology, including an upgraded missile designed to destroy warships. iran has been test firing a range of weapons near the strait of hormuz, including a air defense system d
of energy regulations are coming into effect that will cost electric costs to co-op which will affect the poor just as badly as it is the rich? host: mark from ohio, good morning. caller: all the power was taken from the epa and given to the nra. there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes were 9% on corporations. 10 trillion dollars being horded. the problem lies and propaganda. 90% of all our information from the tv and the radio comes out of the state of texas and new york city. that is wall street. there is an economy based on military bases and nafta and oil. that is clear channel radio. time warner comes out georgia. up on the east coast, new york city is for the bankers are and insurance companies and derivatives and the jews that run the media. host: i will stop you on that point. this is from jan. some of you sharing your thoughts on our facebook page as well. one person writes -- host: join us honor twitter page or on our facebook page. rick fr
to even more family farms and small businesses. more american energy means more american jobs. unfortunately, energy projects are being held back by federal obstacles of all kinds. republicans hope to work across the aisle to solve these and other critical challenges facing america in the new year. dividing government is a good time to solve our problems. in the next few days, leaders in washington have an important responsibility to work together and do just that. unless congress and the president act immediately, every american will be forced to pay for the largest tax hike in our nation's history on january 1. at the same time, the federal government, including our armed forces and defense workers, will undergo deep, across the board budgetary cuts. these are the cuts that president obama promised during the campaign would never take effect. well we need to reduce spending, we can do it in a much smarter, more targeted way. going over the so-called fiscal cliff will lead to devastating job losses, at a time when american families and small business owners are still struggli
at the nymex. we have a nice little rally. if you're long, it's looking pretty good. nymex leading the energy complex. we had the contract here go above $91. that's a two-month high for the current contract. partly we've seen a little bit of a weakening of the dollar. that has certainly helped commodities. also optimism about the fact they're getting back to work in washington to try to avert the year-end fiscal cliff situation. meantime, one of the things that's interesting is how wti nymex has performed. year-to-date it has been the worst performer with regard to its loss versus a gain on the benchmark now for the global crude of brent. because we continue to see a glut here in the u.s. of oil that's produced, and unable to get out to the rest of the market, to the global market, because of a lack of infrastructure. in fact, that brent premium for a second year has topped $15 on average for the year. we're close to $20 here. nat gas also getting a bit of a boost today. the near term forecast certainly chilly. you can see that with all of that snow that's headed towards the east coast from t
dealing with energy? and by the way, let's remember, second terms, domestically, they don't last four years. you've got about a year, maybe a little bit more, before that midterm election, when you can get something done through congress. so if this is -- and by the way, the bitterness that is setting in in the personal relationships between the president and mitch mcconnell, the president and speaker boehner, i think, make it that much worse. >> oh, man, peter alexander -- >> buzz kill. >> yeah. that's reality, as chuck todd just described it, it's also very depressing. so let me ask you, within the white house, you've got a group of people who have been with the president for four years, four exhausting years. those jobs are exhausting. is there going to be any turnover, "a," in the white house staff as we approach these new negotiations on the same old problem? and "b," the level of exhaustion, frustration and anger within the white house toward the congress, as chuck todd just alluded to? >> reporter: well, we certainly know that the cabinet is going to change with the announcemen
will continue to benefit from home energy programs. the bill continues funding for women infants and children, prenatal care so the week and have healthy babies and healthy moms. disabled veterans will continue to receive housing assistance. over 88,000 people in illinois will continue to receive unemployment benefits, and benefits -- businesses will benefit from consumer spending at a time when we desperately needed in our economy. let me say one last word. this is not a deficit reduction major. it does reduce it in some aspects, but the arcane scoring by the congressional budget office will not give us any credit toward deficit reduction. having said that, we still of the deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of the solution. the other side of the aisle reluctantly, after years of resisting, came to our side on this problem. number two, we need to look in entitlements. here is what the facts are. social security can make every promise of payment for 20 years. you cannot say that about any other federal pr
, in infrastructure, education, aerospace, alternative energy, research, development. the list goes on. host: that was bred in misery. next up is still, republican line, minnesota. -- phil. guest: as a republican i believe we need to pass the obama tax bill and then once we get to the ceiling of the debt we would then forced the congress to go forward with a $1 trillion debt reduction on an annual basis until it is paid off. basically, we are overspending. we have to get our debt under control. host: dan the covers it for cnn has this tweet. that is brand new from dana bash. here are some tweets from viewers using #fiscalcliff. those are some of the treats coming in. -- tweets. #fiscalcliff. caller: i have been watching what's going on in the programs and the reason i called in the first place is the debt ceiling we are now facing with sequestration that we kick the can down the road last year because they could not come up with anything and now they're going to take that down the road again and then we are coming up to another ceiling height in a few months were the debt ceiling is going to
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in leading this committee. if you have always brought energy and a smile to this committee and we look forward to working together next year and the committee. i would also like to wish howard well as he moves on to the next chapter and i would like to say to both of you, that this committee and the institution is better because of the service on your part. the leadership on your part. and we look forward to secretary clinton testifying next year or next month, and i think all of us want to make sure that at the end of the day, our diplomats are safer and i look forward to working with mr. engel and all the members here. we look forward to making certain that something like this does not happen again. but part of that is making the right policy decisions. part of that goes to policy. and if we look at some of the observations that our ambassador made, he knew that libya had become a cauldron of weapons, of jihad is, of violent ideology. he called it a security vacuum as it develops there. it was discouraging frankly to read his communiquÉs, warning the consequences of this. and discou
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